RM500 mil allocated for floating solar farm in Kelantan

TheEdge Thu, Apr 01, 2021 08:52pm - 1 month ago


PASIR MAS (April 1): A total of RM500 million has been allocated for the investment cost of the floating solar energy project in Tasik Danau Tok Uban here.

Kelantan Deputy Menteri Besar Datuk Mohd Amar Nik Abdullah said the project that is integrated with fish farming and tourism has the potential to be the largest solar farm in Southeast Asia.

He said the State Government has appointed Kelantan Utilities Mubaarakan Holdings Sdn Bhd (KUM) as the strategic partner to develop the green technology industry in Kelantan.

“The floating solar farm is a project undertaken by Cypark Resources Bhd, through its subsidiary Cypark Estuary Solar Sdn Bhd and Cove Suria Sdn Bhd in collaboration with KUM.

The floating solar farm consists of 247,830 floating solar panels that can generate 140,000 MWh a year. It can also supply electricity to about 46,480 households and will cut down on about 96,600 tonnes of carbon dioxide a year,” he told reporters after the launch of the floating solar energy project in Tasik Danau Tok Uban today.

Also present were Cypark Resources chairman Tan Sri Razali Ismail and group executive director Datuk Daud Ahmad.

Mohd Amar said a master development plan has been prepared by the State Government to ensure the development in the lake area is planned and systematic.

“The development is in line with the Kelantan Sustainable Development Master Plan that is focused on the implementation of the State socioeconomic development agenda in an inclusive manner involving stakeholders that include the State Government, private sector and the people,” he said.

Meanwhile, Razali Ismail said the solar farm that is expected to be completed by December this year can be a springboard for the construction of more solar projects in Kelantan at a lower cost of power generation.






Related Stocks

CYPARK 1.230
SURIA 1.070

Comments

Login to comment.